
H1 2022 UK Technology M&A Snapshot
18 Jul 2022Despite stronger headwinds - as inflation and interest rates rise - demand for deals remains strong. In 1H22 deal volumes were 6% up on 2019 (pre COVID), and only 6% lower than 2021 (which was a huge record year). Surprisingly, deal volumes in Q2 were higher than Q1; so they show little evidence of slowing down. Deal valuations remain punchy, down just 8%. With sterling weak and lots of PE cash, we remain cautiously optimistic about Tech M&A. We have had a very busy first half and have a healthy deal pipeline at ICON. So, it’s very much business as usual.
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